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Marret Resource Corp crosses below 20-day moving average

Marret Resource Corp closed lower Friday, dropping $0.02 or 0.50% to $4.02 and crossing below its 20-day moving average. Over the last five days, shares are unchanged, but are currently 3.37% below its 52-week high. This security has outperformed the S&P TSX by 4.88% during the last year.

About

Marret Resource Corp. (MAR) is a Canada-based company focused on natural resource lending. The Company’s business is primarily directed to investing in public and private

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debt securities of and making term loans (including bridge and mezzanine debt) to issuers in a range of natural resource sectors, including energy, base and precious metals and other commodities and issuers involved in exploration and development, and may also include financing other resource-related businesses and investing in public and private equity and quasi-equity securities. The Company seeks to generate income primarily from its lending activities, while taking advantage of additional upside through equity participation in the companies which it finances. The Company's investment objective is to achieve a high level of income and potential capital gains, with an attractive risk-adjusted return and moderate volatility. Marret Asset Management Inc. is the Company’s fixed income manager and Investment Advisor.

Profit

Net Profit (TTM)

-142.88%

Marret Resource Corp has a net profit margin of -142.88%. Besides being negative, it is also below the industry average and implies that this company is not effective at turning revenues into bottom line profit. Company Books

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